Hall of Fame Beverages CEO and COO Ready to Resign

SOURCE: Hall of Fame Beverages, Inc.

LOS ANGELES, CA–(Marketwire – July 2, 2010) –  Hall of Fame Beverages (PINKSHEETS: HFBG) announces that Mr. Lawrence Twombly, the current CEO, and Mr. Mark Hammill, the current COO, are in the process of resigning from Hall of Fame Beverages.

CEO Larry Twombly states, “It has been my intention from the time I accepted the post of CEO, to create shareholder value for the Company and add value to the Company as a whole. Communication has always been the key to achieve that goal. Unfortunately, due to the lack of communication between management, it has become increasingly difficult to operate in a manner that best serves me, the Company and shareholders. Over the past three days, I have been trying feverishly to communicate with Mr. Ross, the Company’s current President and Chairman, to get answers to the most basic of questions. To my disappointment my phone calls and emails have all gone unanswered. A scheduled meeting between me and Mr. Ross in Mr. Ross’ home town on Tuesday; a meeting that I rescheduled my travel plans around, went unattended by Mr. Ross. I was very excited and proud of the efforts and accomplishments of the management team in the first quarter of 2010 and was looking forward to parlay those efforts into a profitable future. It has also become quite apparent to me, due to the silence, the callous disregard of Mr. Ross and the fact that no compensation for Hall of Fame’s equity in the V Group was ever received by the V Group, that Hall of Fame Beverages has no intention of following through with its commitment to the V Group and the product A.N.D. I feel due to dealings that were done without my knowledge, that may or may not have benefited the Company, it is imperative that I separate myself, Mr. Hammill and the V Group from Hall of Fame Beverages. I will be in the process of removing my name, the name of Mr. Hammill, the V Group name and A.N.D. from the Hall of Fame literature and filings.”

Mr. Twombly goes on to say: “These statements do not mean that I don’t believe Hall of Fame Beverages will be a success. I feel the Company could have a bright future if managed correctly. I hope it is a huge success. I hope it goes on to produce great profits. I hope that someday, the shareholders receive the fruit of all our hard labors. I and Mr. Hammill would like to thank the shareholders for their trust and would like to wish the Company and the shareholders luck on all their future endeavors.”

About Hall of Fame Beverages
Hall of Fame Beverages, Inc. is a new lifestyle company dedicated to building long-term success through the creation, manufacture, distribution, and marketing of innovative non-alcoholic beverages recognized for their fresh, standout brand identities that rise above the plethora of average products.

“Safe Harbor Statement”
Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the Company’s expectations with regard to the future impact on the Company’s results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company’s plans or expectations.

Click here to see all recent news from this company

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.